# Board Of Trustees, Western States Ironworkers Shopmens 401(K) Plan 401(k) Plan
Source: https://planprovider.pro/companies/board-of-trustees-western-states-ironworkers-shopmens-401-k-plan-plan

> Board Of Trustees, Western States Ironworkers Shopmens 401(K) Plan&#39;s 401(k) plan: 146 participants, plan year 2024 financials, providers, and benchmarks from…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Board Of Trustees, Western States Ironworkers Shopmens 401(K) Plan

- **Sponsor EIN:** 931233183

- **Sponsor Address:** 601 UNION ST, STE 1450, SEATTLE, WA, 98101

- **Plan Type:** 401(k)

- **Total Participants:** 146

- **Total Assets:** $9.7M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|146|$9.7M|$183,554|$274,477|

| 2023|143|$8.5M|$186,045|$306,666|

| 2022|299|$7.7M|$218,618|$371,732|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| FIRST HILL TRUST COMPANY|NONE|$56,804|—|$56,804|

| LAW OFFICE OF RICHARD A EKMAN, PLLC|NONE|$6,000|—|$6,000|

| WELLS FARGO ADVISORS|NONE|$5,000|—|$5,000|

| CLARK, RAYMOND & COMPANY PLLC|Auditor|$3,750|—|$3,750|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $71,554

- **Estimated Expense Ratio:** 0.739% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$82,574|$5,000|—|$3,750|—|

| 2023|$84,055|$5,000|—|$4,500|—|

| 2022|$69,547|$5,000|$54,113|—|$3,600|

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